Personal remittance refers to the business that our bank accepts the entrustment of the remitter and entrusts an overseas agent bank or an agent bank to remit a certain amount of money to the designated payee by the agreed remittance method. At present, the commonly used remittance methods are telegraphic transfer and draft. T/T (T/T for short) refers to a way that the remitting bank entrusts the remitting bank to remit the remittance in the form of attached telegram, telex or SWIFT at the application of the remitter. It is characterized by fast payment, safety and convenience. With the rapid development of global communication network, SWIFT has been widely used in practice. Sight draft (D/D for short) refers to a way that the remitting bank issues a bank draft to the remitter on behalf of its branch or agency at the request of the remitter, and the remitter sends the draft to the payee or takes it abroad by himself, and then collects money at the remitting bank with the ticket. It is characterized in that the remittance bank does not need to inform the payee to come to withdraw money, but the payee receives the remittance with the ticket, and at the same time, the payee can endorse and transfer according to the prescribed procedures of the bill when necessary, which is convenient for circulation and transfer. For details, please call China Bank's 24-hour customer service hotline 95566 (mainland dialing method) and +86 1095566 (overseas, Hong Kong, Macao and Taiwan) for detailed consultation.

The above contents are for your reference. Please refer to the actual business regulations.

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